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$635,000

Single-family - Studio / 0 Bath

788 sqft

36 Summer Street #
Somerville, 02143

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Across from Nunziato Field and steps to Union Square, this 1-story building with basement and tiny rear yard was used as a laundromat for several years. It is in NR zoning now. Buyer to perform due diligence to determine allowed uses under new zoning code adopted Dec. 2019. The current owners purchased it in April 2019 to relocate their retail business but have changed their plans. The property has been gutted and will be sold as is. Owners' architectural plans are available for review/reference. Excellent opportunity. Not suitable for conventional financing due to gut; explore construction/portfolio loans or cash options. Near restaurants, grocery stores, businesses, offices, parks, universities. Quick access to Boston and Cambridge by public transit, car, bike, or foot. Near several bus lines, including the CT2, 85, 86, 87, 88, and 91. Steps from long-awaited Union Sq. Green Line Extension subway stop (slated to open 2021). Close to Routes 93, 38, 28, 90, 16, and 2.

MLS ID:72639200
Year Built:1910
Parking:On Street Permit
Amenities:Public Transportation,Shopping,Park,Walk/Jog Trails,Bike Path,Highway Access,T-Station,University
Days on market:1489
Price / Area:$805.84 /sqft  
Assessed Value:$255,400
Annual Tax:$4,168

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